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An open ended fund having a portfolio mix of debt and equity and aiming to secure your child's future
The scheme provides the best of both worlds - high credit quality of debt portfolio & growth characteristics of equity portfolio. The scheme will have a lock in period of 5 years from the date of allotment of units or till the child attaining 18 years of age (whichever is earlier). The scheme has the potential to build corpus over a period of time. Investors may choose to invest on regular basis through Systematic Investment Plan (SIP) which aids in maintaining discipline in investing and benefitting from the power of compounding.
Nil
SIP
Not Applicable
Debt and Money Market instruments (including securitised debt)*: 60-100% (Low to Medium) Equity & equity related instruments: 0-40% (Medium to High) Units issued by REITs &InvITs: 0-10% (Medium to High) * The fund may invest up to 50% of its debt portfolio in securitized debt
The primary objective of the scheme is to invest predominantly in debt and money market instruments and part of the portfolio into equity & equity related securities with a view to generating income and aim for capital appreciation. However, there is no assurance or guarantee that the investment objective of the Scheme would be achieved.
Childrens Fund
An open ended fund for investment for children having a lock in for at least 5 years or till the child attains age of majority (whichever is earlier)
• The Fund invests a minimum of 60% in debt securities and the remaining in equity • In the equity portion, it has the flexibility to position itself actively across the market cap spectrum • The debt portion of the fund primarily invests in high quality debt instruments across various maturities and duration is actively managed • Investors can choose to invest through growth or scholarship options • Growth option enables to accumulate and compound wealth over time • Scholarship option allows non-relative well-wishers to invest on behalf of beneficiary child and offers certain tax benefits
This product is suitable for investors who are seeking*: Long term capital appreciation. Investment in equity instruments (maximum-40%) and debt instruments. Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
- Investors looking for overall portfolio diversification - Investors who want growth with limited downside risk to their portfolio - Investors looking for tax efficient returns - Retirees looking for moderate and stable returns with low volatility - First time mutual fund investors
An open ended fund for investment for children having a lock in for at least 5 years or till the child attains age of majority, whichever is earlier
A child career fund which endeavours to secure your child's future financial needs. Investing in this fund enables to save regularly/ through lumpsum investments for your child’s future needs like higher education, marriage expenses etc. There are two options to choose from based on the risk preference, UTI Children's Career Fund Investment Plan - invests predominatly in equity & equity related instruments and UTI Children's Career Fund Savings Plan - invests predominately in debt & debt related instruments.
UTI Children's Career Fund - Savings Plan has generated 11.18% CAGR since inception of scheme in July 3, 1993 as of September 30, 2021. The past performance may or may not be sustained in the future. For more details on preformance click here
On redemption of investments of UTI Children's Career Fund - Savings Plan, capital gains are taxed as below: The Fund will attract capital gains tax if the redemption value is more than the purchase price. The gains are taxed as Short-Term Capital Gains (STCG) at the time of redemption, if the units are held for less than 12 months. If the units are held for 12 months or more, the gains are taxed as Long-Term Capital Gains (LTCG). As per the current tax laws, STCG is taxed at 15% (plus surcharge and cess), while LTCG is taxed at 10% (plus applicable surcharge and cess) without any indexation benefit. The taxable gains are calculated directly by deducting the investment cost from the redemption proceeds. Further, investors can avail an exemption of Rs. 1 lakh every year for LTCG from equity shares and equity-oriented mutual funds in aggregate. Under scholarship option of the fund, where the scholarship is paid to the beneficiary after he / she attains the age of 18 years to meet cost of his / her education. The scholarship granted to meet the cost of education does not form part of the total income of the beneficiary under section 10(16) of the Income Tax Act, 1961 so long as education is not discontinued by the beneficiary.
UTI Children's Career Fund - Savings Plan is an open ended scheme which aids investors looking to secure their child’s future with a portfolio investing in both equity and debt securities.The portfolio for this scheme has the composition mix of 60–100% debt and 0–40% equity.
The NAV of UTI Children's Career Fund - Savings Plan - Regular Plan - Growth is Rs.29.9123 as of September 30, 2021. To view the NAV history of the fund click here
The primary objective of the scheme is to invest predominantly in debt and money market instruments and part of the portfolio into equity & equity related securities with a view to generating income and aim for capital appreciation. However, there is no assurance or guarantee that the investment objective of the scheme would be achieved.